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DEFINITION of 'Twist Pattern'
A two-bar owner pattern that's accustomed forecast a change within the direction of the pattern for AN possession's value. This pattern is characterised by a really sharp reversal in worth over the span of 2 candlesticks; traders utilize it to work out that cluster of market participants is au fait of the instructions.
BREAKING DOWN 'Twist Pattern'
This holder pattern is considered to be one in every of the foremost reliable turnaround patterns and also regularly symbolizes a significant change within the fundamentals of the company in question. To investors observant the football player pattern, it needs to seem the value has enraptured as well rapidly, and that they could watch for a pullback; however, those traders might discover themselves trying back and want that they had entered a side after they initially recognized the football gamer pattern.